The Atlanta City Council voted Monday to reauthorize a $350 million commercial paper program for Hartsfield-Jackson Atlanta International Airport.
Most, if not all, of the airport’s CP was taken out when the city sold $491.75 million of general airport revenue bonds in April.
The city has identified about $83.6 million in projects that will be funded under the renewed CP program, according to chief financial officer Jim Beard.
Atlanta officials are also in the process of selecting underwriters and bond or tax counsel for an upcoming Department of Watershed Management deal.
The city is seeking the finance team to restructure a $329.2 million unhedged swap with UBS AG and to issue refunding bonds for interest cost savings.
